Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Announces Monthly Dividend of $0.04

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.042 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, March 24th.

Western Asset Intermediate Muni Fund Trading Up 0.1%

SBI opened at $7.92 on Tuesday. The firm’s fifty day moving average is $7.82 and its two-hundred day moving average is $7.81. Western Asset Intermediate Muni Fund has a twelve month low of $7.30 and a twelve month high of $8.01.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

A number of hedge funds have recently modified their holdings of SBI. Horizon Kinetics Asset Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the 2nd quarter valued at approximately $85,000. Private Advisor Group LLC bought a new position in Western Asset Intermediate Muni Fund in the third quarter valued at approximately $91,000. Captrust Financial Advisors acquired a new position in shares of Western Asset Intermediate Muni Fund in the second quarter valued at approximately $96,000. Closed End Fund Advisors Inc. bought a new stake in shares of Western Asset Intermediate Muni Fund during the fourth quarter worth $134,000. Finally, Janney Montgomery Scott LLC lifted its position in Western Asset Intermediate Muni Fund by 12.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,850 shares of the company’s stock valued at $152,000 after acquiring an additional 2,200 shares in the last quarter.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.